Monte Rosa Therapeutics Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
GLUE$10.50-0.8%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (Unaudited)
| (in thousands) | Nine months endedSeptember 30, | |
|---|---|---|
| (unaudited) | 2024 | 2023 |
| Cash flows from operating activities: | ||
| Net loss | $(86,137) | $(102,100) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Stock-based compensation expense | 13,657 | 12,595 |
| Depreciation | 6,060 | 4,376 |
| Net accretion of discounts/premiums on marketable securities | (2,252) | (3,177) |
| Loss on sale of marketable securities | — | 131 |
| Gain on disposal of property and equipment | — | (24) |
| Changes in operating assets and liabilities | ||
| Other receivables | (90) | 2,233 |
| Prepaid expenses and other current assets | (4,940) | 312 |
| Accounts payable | (7,056) | (10) |
| Accrued expenses and other current liabilities | 487 | 2,268 |
| Defined benefit plan liability | 217 | (39) |
| Right-of-use assets and operating lease liabilities | (897) | 9,999 |
| Deferred revenue | (5,975) | — |
| Net cash used in operating activities | $(86,926) | $(73,436) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (3,805) | (17,352) |
| Proceeds from the sale of property and equipment | — | 62 |
| Purchases of marketable securities | (162,400) | (75,637) |
| Proceeds from sale of marketable securities | — | 45,631 |
| Proceeds from maturities of marketable securities | 152,649 | 121,800 |
| Net cash provided by (used in) investing activities | $(13,556) | $74,504 |
| Cash flows from financing activities: | ||
| Proceeds from sale of common stock pursuant to the at-the-market sales agreement, net of underwriter's discount of $29 | 944 | — |
| Proceeds from underwritten public offering cost, net of underwriter's discount of $3,000 | 47,001 | — |
| Proceeds from the issuance of pre-funded warrants | 50,000 | — |
| Payment of common stock and pre-funded warrant issuance costs | (641) | — |
| Proceeds from exercise of employee stock options | 682 | 2,016 |
| Proceeds from employee stock purchase plan | 298 | 303 |
| Net cash provided by financing activities | $98,284 | $2,319 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $(2,198) | $3,387 |
| Cash, cash equivalents and restricted cash—beginning of period | 132,681 | 60,190 |
| Cash, cash equivalents and restricted cash—end of period | $130,483 | $63,577 |
| Reconciliation of cash, cash equivalents and restricted cash | ||
| Cash and cash equivalents | $125,575 | $59,055 |
| Restricted cash | 4,908 | 4,522 |
| Total cash, cash equivalents and restricted cash | $130,483 | $63,577 |
| Supplemental disclosure of noncash items | ||
| Reduction of right-of-use assets for lease incentives receivable | $— | $5,128 |
| Purchases of property and equipment in accounts payable and accrued expenses | $131 | $1,270 |
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